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Haitong International issues HK$3.88B of bonds

HaitongInternational Securities Group Ltd. issued HK$3.88 billion ofconvertible bonds.

The company said Oct. 12 that the zero-coupon bonds willmature on Oct. 25, 2021. They have an initial conversion price of HK$6.81 pershare.

The offering was well received by investors with 2xoversubscription, the group said. The proceeds from the issuance will be usedto support the expansion of business operations.

Haitong International Securities Group is a unit ofHaitong Securities Co.Ltd..